Martin Shkreli, dubbed the “pharma bro” for exploits such as jacking up the price of a life-saving drug by 5,000 percent, should forfeit $7.4 million, including his Wu Tang Clan album and a Picasso painting, U.S. prosecutors said on Friday.
The court should hold Shkreli financially accountable for his criminal conduct by requiring him to forfeit the amounts above, according to filings.
Prosecutors listed out assets that they can possibly take from Shkreli, also including his stake in Turing Pharmaceuticals and an Enigma machine, which was used in World War II as a code breaker.
Shkreli had bragged about buying the only copy of New York-based Wu Tang Clan’s “Once Upon a Time in Shaolin,” drawing ire from music fans around the world when he said he had no plans to listen to it.
In August, a U.S. jury convicted Shkreli of defrauding investors in hedge funds he ran years before he gained fame for hiking the price of a drug. His sentencing is scheduled for next month.
A U.S. judge ordered Shkreli to be jailed in September after a Facebook post offering a $5,000 reward for a strand of Hillary Clinton’s hair.
(Reporting by Ankur Banerjee in Bengaluru; Editing by Martina D’Couto)
John Oliver does epic send-off for Fox News host Shep Smith: ‘You were always too weird for where you worked’
"Last Week Tonight" host John Oliver issued a hilarious send-off to Fox News' Shep Smith, who abruptly left the network after his show Friday.
Oliver compiled a super-cut of the former host specifically focusing on the ways that Smith brought a little bit of weirdness to the Fox News network.
During the solar eclipse this year, Smith cheered on "the total eclipse of the sun," a take-off of the popular karaoke tune, "Total Eclipse of the Heart." Smith noted that if he put his cell phone in the way and took a picture with another camera, he'd have a "total eclipse of his phone."
The president’s ‘America First’ policy has been replaced by a ‘Trump First’ strategy: columnist
Washington Post deputy editorial page editor Jackson Diehl outlined in a Sunday column that President Donald Trump may have promised his supporters an "America First" presidency, but it's quickly become a "Trump First" policy instead.
In the column, Diehl explained it took Trump about one month to completely destroy his 2016 campaign promise.
"Thanks mostly to the president's increasingly unhinged behavior," he began, "Trump's corruption in Ukraine" and his disaster in Syria has blocked a more significant story of Trump's change on his "America First" policy.